Expeller Pressed Oil Market Anticipated to Surpass $7.8 Billion by 2030
In a recent report published by MarkWide Research, titled “Expeller Pressed Oil Market,” the global market for expeller pressed oils is on a trajectory of significant growth. This surge is driven by the increasing consumer demand for healthier cooking oils, the preference for natural and chemical-free extraction methods, and the growing awareness of the environmental benefits of expeller pressing.
Expeller pressed oils are derived through mechanical extraction methods that do not involve chemicals or excessive heat, resulting in oils with a natural and unrefined quality.
The global expeller pressed oil market is anticipated to surpass a valuation of $7.8 billion by 2030, with a projected compound annual growth rate (CAGR) of 5% from 2023 to 2030. Several key factors are contributing to this growth:
1. Health and Wellness Trends: Consumers are increasingly seeking healthier cooking oils that retain the natural nutrients and flavors of the source ingredients.
2. Natural Extraction: Expeller pressing is considered a natural and chemical-free extraction method, aligning with consumer preferences for clean-label products.
3. Culinary Applications: Expeller pressed oils are valued for their flavor and suitability for a wide range of culinary applications, including cooking, baking, and salad dressings.
4. Environmental Sustainability: The environmentally friendly aspects of expeller pressing, such as reduced energy consumption and waste, appeal to eco-conscious consumers.
5. Clean Label Movement: The clean label movement encourages the use of minimally processed and transparently labeled ingredients, driving demand for expeller pressed oils.
6. Non-GMO and Organic: Expeller pressed oils are often available in non-GMO and organic varieties, meeting the demand for healthier and sustainable choices.
7. Diverse Oil Types: Expeller pressing is applicable to a variety of oilseeds, including soybean, sunflower, and canola, providing a diverse range of oil options.
8. Food Industry Applications: Expeller pressed oils are used in food processing and manufacturing for their natural qualities and versatility.
MarkWide Research’s comprehensive analysis of the global expeller pressed oil market offers valuable insights into market dynamics, key players, and emerging trends. This information equips industry stakeholders with the knowledge needed to make informed decisions and capitalize on the growing opportunities within the market.
In conclusion, the global expeller pressed oil market is poised for significant growth, driven by consumer preferences for healthier and natural cooking oils, clean label trends, and environmental sustainability. With a projected CAGR of 5% by 2030, the market presents substantial opportunities for oilseed producers, food manufacturers, and retailers aiming to meet the evolving demands of health-conscious consumers.